Have Insiders Sold Brickability Group Shares Recently?

We'd be surprised if Brickability Group Plc (LON:BRCK) shareholders haven't noticed that the Non-Executive Director, Clive Norman, recently sold UK£256k worth of stock at UK£0.64 per share. The eyebrow raising move amounted to a reduction of 12% in their holding.

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The Last 12 Months Of Insider Transactions At Brickability Group

The MD of the Distribution Division & Member of Management Board, Paul Hamilton, made the biggest insider sale in the last 12 months. That single transaction was for UK£690k worth of shares at a price of UK£0.69 each. That means that an insider was selling shares at around the current price of UK£0.64. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. In this case, the big sale took place at around the current price, so it's not too bad (but it's still not a positive).

Over the last year, we can see that insiders have bought 2.12m shares worth UK£1.4m. On the other hand they divested 2.10m shares, for UK£1.4m. In total, Brickability Group insiders sold more than they bought over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

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Insider Ownership Of Brickability Group

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 29% of Brickability Group shares, worth about UK£59m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Brickability Group Tell Us?

An insider sold Brickability Group shares recently, but they didn't buy any. Despite some insider buying, the longer term picture doesn't make us feel much more positive. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Brickability Group. In terms of investment risks, we've identified 4 warning signs with Brickability Group and understanding these should be part of your investment process.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.